Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: Re: Mining The GNH Site.......
12
Sep 01, 2010 02:44PM

I agree with mining the depoist ourselves when the time comes. James Tisley was asked for just a best guess as to the cost to get our deposit up and running and he estimated $250MM. So I think we are bit away yet.

But in terms of the big picture, if we have 5MM oz in the ground - insite value would be between $150-250... Minning it ourselves at todays prices we could get more like $600-800 per oz, so it becomes a no brainer.

So I totally agree with you, but we are just not ready yet to be their, but 3 years from now we will be looking at this very closely as I think we will easily prove up 5MM oz.

Semi

9
Sep 01, 2010 05:43PM
4
Sep 01, 2010 05:47PM
Share
New Message
Please login to post a reply